2 Big Tech Stocks: Get Ready - One Up 🚀 One Down 🔻

I saw an interesting video about investing in the king of Wall Street. We're talking the largest market cap companies when they first take their throne. So, I want you to check out this chart with me and I'm going to make a point about Nvidia. So, this is what happened after the largest companies in the world hit the number one spot. Of course, we know that Apple's going to be a standout mover. It first hit the largest market cap company in the world in 2011, August of 2011. And ever since then, it's moved up 2,470%. Apple's been the king of Wall Street for a long time. But I want you to identify a pattern here. Microsoft first hit the number one spot November 2018, and then after that, it went up another 386%. Exon Mobile hit the number one spot in 2006, and afterwards, it went up 185%. Alphabet has had an incredible move in the last couple years, but it first hit the number one spot in February of 2016 and it went up 880% afterwards. And then Amazon hit the number one spot in 2019 and it moved up 238%. Well, Nvidia hit the number one spot in June of 2024. Now, it's the baby on the throne and it's gone up 74%. All I wanted you guys to take away from this chart today that in Nvidia's journey, there's a lot more room for this thing to rise. Now, I'm going to give you some fresh technicals on Nvidia as well as another big tech stock that is doing the opposite of what Nvidia is doing right now. And it's trending down. And recently, it's popped up off its lows. But the big question is, what is it going to do next? I've got some insights on two big tech stocks to share with you guys today. So, let's begin with an important news story. Nvidia is partnering with Apollo, Blackstone, Goldman Sachs, and other massive investment firms, putting together a $500 billion AI deal to make compute an asset class. Check out this video. >> We're announcing six partnerships today. These partnerships are going to pull together independent, long-term capital to fund and support AI infrastructure buildout. This is an extraordinary time as you know because this is the first time in some 60 years that the computing industry is going through a fundamental platform shift from the way that software was done before to the way that it's going to be done in the future called artificial intelligence. Fundamentally what's different about this industry and this way of doing computing is that the computer is now part of the infrastructure like electricity like the internet and so you have to think about it like its infrastructure and build it out accordingly. Every company will be powered by it. every country will build it. And so we're talking about a extraordinarily significant infrastructure build. This is >> with a very hefty price tag too. >> It's a hefty price tag. Each gigawatt is something like 5060 billion. And so there's there's energy involved. There's land power and shell involved. And of course there's the computing part of it. Um this is of course also a milestone for our company. We used to build chips that we sell and and these are technology components that people buy and use. But now Nvidia's AI factory platform is really an investable asset, an infrastructure asset. And the reason for that is because it's productive, is re revenue generating. It is fungeible. It's used by just about every cloud service provider. It runs every AI model. It runs algorithms of all different types. And so it has really broad deep reach and offtakers. This is a really great opportunity for us to build out the infrastructure, take advantage of an asset that is investable, [clears throat] long life, and productive. And with the partnerships that we have here, we can support a really broad ecosystem buildout. >> Every company will be powered by it. Every country will build it. And if there was no other reason why Nvidia stock would climb but this one alone, the rise of compute becoming an asset class with all of the largest financial organizations in the world getting behind it. That in my opinion is all you need. Welcome to Wall Street. This is the Stocks with Josh show. Thank you for taking a minute. Hit the like. Hit the subscribe if you're trying to get 1% better on the charts each and every day to take risk on Wall Street. I want to briefly shout out the Stocks with Josh Discord, my protrading community where you can trade alongside me, get my trade alerts, get mentored, use my trading system. Now, this is the most important part. If you don't have a trading system, you can come and learn my trading system. I use the A+ scalp levels with the A+ dashboard. You're going to need some additional tools like Trading View. But what it's going to allow some people to do if you really embrace it and learn the system, you're going to have a trade plan which you can perfect over time. Come check out the Stocks with Josh Discord. If you go to the website, which is the same name as the show, www.stockswithjosh.com. All right, the first chart I'm going to get into is Meta. It's moved up close to $100 in just the last 10 days. Is it going to continue? Let's go check out the chart. All right, we're looking at the weekly time frame and I'm just going to take a look back in history at how often the price returns to the 200 day moving average, which is the red line that you see on the chart that in Meta's journey it comes back and tags that 200 day EMA quite a bit and sometimes it goes significantly beneath it, but at bare minimum it comes back to tag it. Now, not too long ago, it got very, very close to it, but it didn't tag it. Okay? And I want you to have an understanding of what type of move down does Meta normally give when it does tag it. All right, we're going to use our info line tool and we're going to trace from the top of the move to the bottom of the move, which was 46% right back here. We're going to do it one more time and go from the top of this move down to the bottom of this move. And that one was very close to 40%. Okay, so you can see that a pullback of around 40 to 46% is very normal in an uptrending Meta stock. Now, this particular move that brought Meta to the 200 day moving average and beneath it was a more significant downturn event. And so, I'm not going to count that one right now. Now, since then, you can see that we've had an explosive move higher. So, but let's find out if we went from the top of the move all the way down to the 200day EMA. That would only be right now a 35% downturn. And so, I'm wanting you guys to recognize what would be a typical pullback or stock price re-evaluation for Meta is closer to 40 to 45%. And in truth, we have been downtrending on Meta since 2025. And we it's very possible that we've not hit the bottom. I am expecting that at some point, especially as we move towards the midterms between August and October, that we will indeed hit that 200 EMA. Now, the strongest technical support level on this chart is 478. Now, there's people out there who are already frustrated with me because they think I'm telling them that Meta's coming down lower and uh that there's no bullishness in the play. I'm not. I'm just looking at the trend. Now, the other thing I want to point out to you is the MACD. Now, when the signal line and the MACD line cross above the zero line, it constitutes the beginning of a long-term trend. And I want to show you guys the last time that we crossed up above the zero line was actually right here. Right after it crossed beneath the 200 day moving average, you got the first blue line cross and then shortly after you got the orange line cross and this was a massive buy signal. Okay. Now, you could say, "Well, Josh, that's back in the past and we missed that one. Why are you talking about it now?" Well, I want you to understand that the buy signal on the weekly time frame gave us this huge move higher and recently we got a sell signal on the weekly time frame. And how much of a down move are you expecting on a sell signal on Meta? The last time it got a sell signal was right here and it moved down and had a massive correction and didn't give a buy order till it crossed back up. So we are in that exact same state right now. We are on the weekly time frame still beneath the zero line which means that there is an active sell signal on the MACD. So I want you to be aware of the trend of a stock. Now, it could be that Meta is a great company to invest in, and you're getting the opportunity to buy it $200 cheaper than the all-time high price, and in the next couple years, this thing is going to absolutely go all the way back to its all-time high and even climb up to $900. And so, if you've got a long-term vision on Meta, you could consider any dip beneath the zero line on the MACD an opportunity to accumulate. And then you would know that by the time it breaks above the zero line, you're already in a position and it's going to be driving higher for a long time to come. But the point I wanted to make to you guys about Meta today is that it is operating on a weekly sell signal and it's been trending down for over a year. And the strongest target on the chart is right beneath the 200 day moving average at around 478. and that a normal or typical pullback is in the 40s, not the 30s, which is what we only have right now. Now, did that chart analysis inspire you guys to begin to accumulate a great company like Meta while it's trending down and already on discount 35% off? Or did it give you the feeling like you don't want to touch it because it's got more room to come lower? Now, I am not in the business of feelings. I'm doing analysis and there's lots of different ways to trade the analysis that I just gave you guys. But let me know what you think and what you're doing with Meta. Now, the point I'm making about Meta is you're going to find when we go to look at the Nvidia chart that they're the polar opposite that Nvidia is operating under a buy signal. And you're going to realize right away how much stronger that is. Was because when a stock is operating under a weekly buy signal, every pullback is worth buying. And the truth is, you already regret not loading up more Nvidia on the most recent pullback because now we're on our way pushing up and potentially getting ready to test the all-time highs. We're going towards an earnings catalyst event. And these guys are constantly stacking good news one on top of the other. Like I showed you the video of the CEO mastermind mining an opportunity to make compute at its own asset class. And I showed you what stocks do after they become king of Wall Street. They grow. Let's take a minute and do a quick analysis on the Nvidia chart. All right, we're looking at weekly candles and I just want to acknowledge with you that even though Nvidia has pulled back on occasion, it's clearly in a dominant and strong upturn. And here we are yet again getting ready to test its all-time high. Now, the point I wanted to make to you about Meta was that it was operating under a sell signal and in a long-term downtrend. And I wanted to make the point that Nvidia is operating in a buy signal on the weekly time frame. It originally crossed right here and the price was right around $141. And you can see that what is the trend? The trend is up and currently the stock is at $224 and it's climbing and we're moving towards a catalyst event. Now I cannot tell you guys that Nvidia is tomorrow going to go to 227 or 242. Now, these are important fib levels based on a trendbased fib extension. And I do believe that even if we get a pullback, we're going to test this range that's on the chart. These are the areas that are likely going to give us a brand new all-time high because what is the trend doing? It's always making higher highs as time passes because Nvidia is the king of Wall Street and it's worth buying every dip and it is still operating under an extremely long-term buy signal on the weekly time frame with that buy signal turning up right now. I'm not trying to hype you guys up today on Nvidia. I'm in Nvidia. I wanted you to see the difference between Nvidia and Meta and the trend of a downturn and the trend of an upturn and the strength of a stock that has sat on the throne of the largest market cap company in the world and what it tends to do. It tends to continue higher and at a mere 78% since it took its position, it could have a lot of runway ahead of it. And so, in my opinion, it's going to constantly be worth buying the dip on Nvidia. Let me know what you guys think of the analysis. Did you learn something today? Did you get 1% better at the charts? That's my goal. Hit the like if you did. Hit the subscribe if you want the next video. Peace and blessings, my friends.